mined by the Investment Manager based upon its reasonable judgment and (y) the higher of its outstanding principal balance multiplied by 70% or its S&P Recovery Rate; provided that any such value determined under clause (x) is the same value that the Investment Manager assigns to such obligation for other portfo

mined by the Investment Manager based upon its reasonable judgment and (y) the higher of its outstanding principal balance multiplied by 70% or its S&P Recovery Rate; provided that any such value determined under clause (x) is the same value that the Investment Manager assigns to such obligation for other portfo

related Reference Obligation (except that the Moody's Assigned Rating, Moody's Recovery Rate and S&P Recovery Rate for the Synthetic Security will be used). "Pricing Source": Loan Pricing Corporation, Markit Group Limited or another pricing service that obtains